Indian demand increases as buyers seek to replenish stocks

摘要

Indian demand continued to increase this week with importers taking Australian and Indonesian cargoes to help replenish dwindling stocks. However, purchases were mainly to cover shortterm needs, as buyers avoided longer-term positions due to current sky-high prices. “Spot buying of small tonnages is emerging at a slow pace, but end-users are generally avoiding covering themselves for longer periods,” a trader said.